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Nonprofiteer
← TRI-COUNTY ELECTRIC MEMBERSHIP CORP

Form 990 for tax year 2025

Filed by TRI-COUNTY ELECTRIC MEMBERSHIP CORP.

Totals

Total revenue
$64,979,714
Total expenses
$64,017,709
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$63,627,581
Investment income
$390,128
Other revenue
$962,005
Total assets, end of year
$190,321,166
Total liabilities, end of year
$136,987,101
Net assets or fund balances, end of year
$53,334,065
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: ELECTRIC REVENUE

    total $61,567,951 · related or exempt $61,567,951

  • 2b · Program service revenue: POLE RENTAL

    total $1,661,486 · excluded $1,661,486

  • 2c · Program service revenue: OTHER CAPITAL CREDITS

    total $398,144 · related or exempt $398,144

  • 3 · Investment income

    total $390,128 · excluded $390,128

  • 11a · Other revenue: NON-OPERATING INC - TCSCI

    total $962,005 · related or exempt $962,005

  • 11e · Other revenue, total

    $962,005

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,948,383

  • 5 · Compensation of officers, directors and key employees

    total $488,558

  • 20 · Interest

    total $5,649,625

  • 22 · Depreciation, depletion and amortization

    total $6,606,262

  • 24a · Other expenses: PURCHASED POWER

    total $36,090,261

  • 24b · Other expenses: DISTRIBUTION MAINTENANCE

    total $4,704,385

  • 24c · Other expenses: DISTRIBUTION OPERATIONS

    total $3,403,500

  • 24d · Other expenses: ADMIN. & GENERAL EXP.

    total $2,538,782

  • 24e · All other expenses

    total $1,587,953

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $808,199 · end of year $591,845

  • 4 · Accounts receivable

    beginning of year $8,723,360 · end of year $6,380,984

  • 7 · Other notes and loans receivable

    beginning of year $7,159,542 · end of year $6,820,621

  • 8 · Inventories for sale or use

    beginning of year $805,411 · end of year $713,442

  • 9 · Prepaid expenses and deferred charges

    beginning of year $69,650 · end of year $547,631

  • 10a · Land, buildings and equipment: cost or other basis

    $220,775,659

  • 10b · Land, buildings and equipment: accumulated depreciation

    $45,337,414

  • 10c · Land, buildings and equipment, net

    beginning of year $173,677,022 · end of year $175,438,245

  • 13 · Investments: program-related

    beginning of year -$932,480 · end of year -$237,469

  • 15 · Other assets

    beginning of year $68,875 · end of year $65,867

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,378,819 · end of year $7,756,671

  • 23 · Secured mortgages and notes payable

    beginning of year $131,661,068 · end of year $128,085,125

  • 25 · Other liabilities

    beginning of year $1,105,480 · end of year $1,145,305

  • 29 · Capital stock, trust principal or current funds

    beginning of year $94,455 · end of year $95,550

  • 31 · Retained earnings, endowment or other funds

    beginning of year $50,139,757 · end of year $53,238,515

Mission and programs · 2025

Mission

TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

  • N/A

As filed on the 2025 return.

Listed in Part VII

  • Brenda P Green

    CHAIRMAN

    Total calculated
    $15,067
    From this org
    $15,067
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Sammy O Hall

    VICE-CHAIRMA

    Total calculated
    $11,117
    From this org
    $11,117
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.51

  • Dan Z Greene

    SECRETARY/TR

    Total calculated
    $10,567
    From this org
    $10,567
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.31

  • Edward Walker

    DIRECTOR

    Total calculated
    $14,467
    From this org
    $14,467
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.93

  • Marion Nelson

    DIRECTOR

    Total calculated
    $11,467
    From this org
    $11,467
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.75

  • Mike S Rainey III

    DIRECTOR

    Total calculated
    $12,667
    From this org
    $12,667
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.15

  • George Comer

    DIRECTOR

    Total calculated
    $13,567
    From this org
    $13,567
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.65

  • Cecil B Patterson

    DIRECTOR

    Total calculated
    $14,167
    From this org
    $14,167
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.01

  • Chap Nelson

    DIRECTOR

    Total calculated
    $11,717
    From this org
    $11,717
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.54

  • Raphael M Grinberg

    CEO

    Total calculated
    $373,755
    From this org
    $306,052
    From related orgs
    $0
    Other
    $67,703
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $286,533
    Bonus
    not reported
    Other
    $19,519
    Deferred
    $59,235
    Nontaxable benefits
    $8,468
    Filer's total
    $373,755

  • Dawn Haskins

    SENIOR EVP A

    Total calculated
    $277,769
    From this org
    $221,370
    From related orgs
    $0
    Other
    $56,399
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $210,442
    Bonus
    not reported
    Other
    $10,928
    Deferred
    $30,432
    Nontaxable benefits
    $25,967
    Filer's total
    $277,769

  • Michael Sasser

    OPS. SUPVR-N

    Total calculated
    $180,197
    From this org
    $146,986
    From related orgs
    $0
    Other
    $33,211
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $144,027
    Bonus
    not reported
    Other
    $2,959
    Deferred
    $19,311
    Nontaxable benefits
    $13,900
    Filer's total
    $180,197

  • Gregory Mullis

    COO: TRI-COG

    Total calculated
    $254,779
    From this org
    $203,900
    From related orgs
    $0
    Other
    $50,879
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $191,014
    Bonus
    not reported
    Other
    $12,886
    Deferred
    $35,911
    Nontaxable benefits
    $14,968
    Filer's total
    $254,779

  • Deryl Crosby

    ACCOUNTING C

    Total calculated
    $216,064
    From this org
    $179,412
    From related orgs
    $0
    Other
    $36,652
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $170,995
    Bonus
    not reported
    Other
    $8,417
    Deferred
    $23,194
    Nontaxable benefits
    $13,458
    Filer's total
    $216,064

  • Justin Strickland

    SUPVR - FIEL

    Total calculated
    $181,248
    From this org
    $151,648
    From related orgs
    $0
    Other
    $29,600
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $86,431
    Bonus
    not reported
    Other
    $65,217
    Deferred
    $19,637
    Nontaxable benefits
    $9,963
    Filer's total
    $181,248

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • TRI-COUNTY SERVICE CENTER INC

    C CORP · BROADBAND · GA · 100% owned · share of income $962,005 · share of assets $7,979,071

    Directly controlled by TC EMC

Provenance

Return type
form_990
Tax year
2025
Filed
10 July 2026
IRS schema version
2025v4.0
Source object
202642479349301139

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